According to the latest National Bureau of Statics released on 8th September 2022, Tanzania’s annual inflation for August has slightly increased to 4.6% in August from 4.5% in July. The increase headline inflation explains that the speed of the price change for commodities for the year ended August 2022 has increased compared to the speed...
The National Bureau of Statistics has released its report on National Consumer Price Index (NCPI) for July 2022. The annual headline inflation rate for July 2022 has slightly increased to 4.5% from 4.4% recorded in June 2022. The increase in headline inflation explains that the speed of price change for commodities for the year...
East African Community partner states have failed to agree on which should host the East African Monetary Institute (EAMI), on the key establishments a single currency regime. The East African Community partners submitted their pitches to host the institute that would later transform into a regional central bank. But the EAMI has become a hot...
AD Ports, Hong Kong operator, and port investor Hutchison Ports will work together to expand operations across the GCC, Asia and Africa. Dar es Salaam Port The two organizations will partner in Tanzania to explore further opportunities to enhance the market competitiveness of ports across the country, including Dar es Salaam Port. Areas of opportunity include...
The below report is the summary from the National Bureau of Statistics of Tanzania released on July 11, 2022 Tanzania’s annual inflation rate accelerated in June, the country’s national bureau of statistics said Monday. The 12-month headline inflation rate rose to 4.4% in June from 4.0% in May, the statistics bureau said in its July...
Their numbers are growing faster than the transactions they handle. A decade ago, Jackeline Muheirwe was the only mobile-money agent in her patch of Kampala, the Ugandan capital. These days there are ten others within a minute’s walk, taking in and giving out cash from shopfronts or colourful kiosks. “You can’t make money out of...
Most of Tanzania’s tourist attraction sites are famously known globally. Despite being some of the most iconic sites in Africa and the world, many of them are shallowly known. Today April 18, 2022, the Tanzania Royal Tour will be unveiled in New York, America, and President Samia Suluhu Hassan will be the guest of honour....
The Chikumbi-1 well will target a potential 3bn ft3 of in-place gas in the Ntorya accumulation. In an April 8 operations update, London-listed Scirocco Energy said that preparations had begun on the Chikumbi-1 well at the Ruvuma production sharing contract in Tanzania. The well is expected to be spudded in November 2022, with all of...
If time is money, then Beitbridge must be the most expensive place. Late last year, lorries carrying, among other things, cobalt from Congo, copper from Zambia and tea from Malawi snaked for miles as they waited to cross the Limpopo River into South Africa. Many were there for days. Some drivers bribe to the front;...
To ensure that SMEs in the mining sector benefit from the mining value chain, North Mara Gold Mine in Tanzania has announced that 15 local companies will graduate from its local business program. The program was launched last year November, 2021. Since then, four workshops and mentorships have already taken place purposely to build capacities...